TOKYO, May 11 (Pulse News Wire) – Tamura Corporation (6768.T) resolved today during its board meeting to divest all shares of its subsidiary, Tamura Auto Electronics (Foshan) Co., Ltd., to Foshan Nanhai Silicon Steel Core Manufacturing Co., Ltd. As a result, Tamura Auto Electronics will cease to be a consolidated subsidiary of Tamura Corporation.
The decision stems from Tamura's strategic plan to enhance efficiency and maximize profits through restructuring. With the aim of concentrating production of HEV-related components in Japan and expanding supply to high-growth regions such as Japan, the United States, and ASEAN, Tamura decided to transfer control of Tamura Auto Electronics to a domestic Chinese entity. Key details of the transaction include: - Transfer price undisclosed per agreement between parties.
- Expected completion by end-June 2026. - Anticipated gain of approximately ¥1.489 billion recognized in fiscal 2027, impacting earnings forecasts published earlier this month. Tamura Auto Electronics, established in March 2019, had struggled financially, reporting negative operating profit and net income in recent years.
The divestiture aligns with Tamura’s broader strategy to optimize operations and focus resources on more profitable ventures.
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